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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Income from office and parking properties $ 68,385 $ 54,396 $ 128,478 $ 115,778
Management company income 3,532 336 3,870 746
Total revenues 71,917 54,732 132,348 116,524
Expenses        
Property operating expenses 30,328 25,604 57,415 52,536
Depreciation and amortization 26,521 19,614 49,606 40,324
Impairment loss on real estate 1,700 0 1,700 0
Management company expenses 3,202 641 4,079 1,385
General and administrative 1,671 1,612 3,478 3,603
Acquisition costs 14,380 0 16,729 0
Total expenses 77,802 47,471 133,007 97,848
Operating income (loss) (5,885) 7,261 (659) 18,676
Other income and expenses        
Interest and other income 438 365 762 750
Equity in earnings of unconsolidated joint ventures 44 87 79 192
Interest expense (14,871) (12,563) (28,512) (25,117)
Loss before income taxes (20,274) (4,850) (28,330) (5,499)
Income tax expense (224) (100) (224) (117)
Loss from continuing operations (20,498) (4,950) (28,554) (5,616)
Income from discontinued operations 606 653 872 1,275
Gain on sale of real estate from discontinued operations 4,292 8,518 4,292 8,518
Total discontinued operations 4,898 9,171 5,164 9,793
Net income (loss) (15,600) 4,221 (23,390) 4,177
Net loss attributable to noncontrolling interest - real estate partnerships 3,371 2,638 6,566 5,225
Net income (loss) for Parkway Properties, Inc. (12,229) 6,859 (16,824) 9,402
Dividends on preferred stock (2,444) (1,200) (4,631) (2,400)
Net income (loss) attributable to common stockholders $ (14,673) $ 5,659 $ (21,455) $ 7,002
Net income (loss) per common share attributable to Parkway Properties, Inc.:        
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.91) $ (0.17) $ (1.24) $ (0.13)
Discontinued operations (basic) $ 0.23 $ 0.43 $ 0.24 $ 0.46
Basic net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) $ (0.68) $ 0.26 $ (1.00) $ 0.33
Loss from continuing operations attributable to Parkway Properties, Inc. $ (0.91) $ (0.17) $ (1.24) $ (0.13)
Discontinued operations (diluted) $ 0.23 $ 0.43 $ 0.24 $ 0.46
Diluted net income (loss) attributable to Parkway Properties, Inc. (in dollars per share) $ (0.68) $ 0.26 $ (1.00) $ 0.33
Weighted average shares outstanding:        
Basic 21,489,000 21,410,000 21,483,000 21,400,000
Diluted 21,489,000 21,410,000 21,483,000 21,400,000